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Socialism refers to various theories of economic organization advocating public or direct worker ownership and administration of the means of production and allocation of resources, and a society characterized by equal access to resources for all individuals with a method of compensation based on the amount of labor expended. Most socialists share the view that capitalism unfairly concentrates power and wealth among a small segment of society that controls capital and derives its wealth through exploitation, creates an unequal society, does not provide equal opportunities for everyone to maximise their potentialities and does not utilise technology and resources to their maximum potential nor in the interests of the public. Friedrich Engels, one of the founders of modern socialist theory, and Utopian socialist Henri de Saint Simon advocated the creation of a society that allows for the widespread application of modern technology to rationalise economic activity by eliminating the anarchy in production of capitalism. This would allow for wealth and power to be distributed based on the amount of work expended in production, although there is disagreement among socialists over how and to what extent this could be achieved. Criticisms of socialism range from claims that socialist economic and political models are inefficient or incompatible with civil liberties to condemnation of specific socialist states.

Wikipedia Link: http://en.wikipedia.org/wiki/Socialism
eBay Link: View Socialism on eBay

Boned When... (Login to Submit a Reason)

1 It's Nazism! Nazi = Nationalsozialismus (National Socialism)
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2 Introduced In America Thanks a lot, liberals!
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3 Term is thrown around Don't like it? SCREAM SOCIALISM!!!
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4 The wall came down It does not work!
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5 Day One Never worked
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Socialism Comments (You must Login to Comment)

1 Socialism ... that's where I work my ass off to support some druggie on welfare. -- Submitted By: (JustLooking) on March 9, 2011, 8:26 pm - (2 votes) - Login to Vote
2 Yeah, Nazi was short for "National Socialists" but that doesn't mean they brought socialism to Germany or that was their main platform point(there are obvious others). Germany has traditionally been socialist regardless of where their political pendulum swings. Anyhow, I'm not a socialist but like it as a balance for capitalism. Pure capitalism may be more interesting but unbridled capitalism allows those who cheat or exploit the system get away with it. With capitalism there are winners and losers. The problem is what to do with the losers. Pure capitalists will say that the winners will hire the losers to work for them especially if they get lower tax rates. Ok, those workers will be hired but paid as low as possible no matter the tax rate is and if another nation can provide cheaper labor they will go there no matter how low the tax rate is. Capitalism has sense of patriotism just make money as efficiently as possible. So the question is what to do with the losers if they can't afford basic living needs? If those winners are not hiring them or paying them a decent wage, then the govt has to tax the winners to give the losers money to afford what they need. Either that or give them credit cards and put them in eternal debt. It is more complex than this but this why socialism exists. So the wealthy will still have to pay for the poorer in society whether they pay them for work or through the govt. Again, I might be oversimplifying this but this is just what I see. I'm not trying to be anti-capitalist or pro-socialist if that's how I come across but this is just the way I see things. -- Submitted By: (JamesO) on August 19, 2010, 11:11 pm - (0 votes) - Login to Vote
3 If you think Capitalism is rife with inequalities, Socialism is much, mush worse. Capitalism has people who are richer than others, but when it comes to Socialism, the only people who will be richer than others are the politicians and those who do them favors. -- Submitted By: (Robert) on May 3, 2010, 1:01 pm - (1 votes) - Login to Vote
4 http://www.snopes.com/college/exam/socialism.asp. It appears that story is as old as dirt. Not saying it's true or not though. I'm going a different route. The term, and not the practice, boned just because right wing nut jobs just throw the term around willy nilly. There might be good points with socialism, and bad, like most any political idea out there though. -- Submitted By: (PYLrulz) on May 3, 2010, 6:04 am - (0 votes) - Login to Vote
5 An economics professor at Texas Tech said he had never failed a single student before but had, once, failed an entire class. The class had insisted that socialism worked and that no one would be poor and no one would be rich, a great equalizer. The professor then said, "OK, we will have an experiment in this class on socialism." All grades would be averaged and everyone would receive the same grade so no one would fail and no one would receive an A. After the first test the grades were averaged and everyone got a B. The students who studied hard were upset and the students who studied little were happy. But, as the second test rolled around, the students who studied little had studied even less and the ones who studied hard decided that since they could not make an A, they studied less. The second Test average was a D! No one was happy. When the 3rd test rolled around the average was an F. The scores never increased as bickering, blame, name calling all resulted in hard feelings and no one would study for anyone else. All failed to their great surprise and the professor told them that socialism would ultimately fail because the harder people try to succeed the greater their reward but when a government takes all the reward away; no one will try or succeed. And that, my friends, is why I'm 100% against socialism in our country. I will work hard for myself and expect you to do the same and I will donate and help out the needy when I want to, not when the government forces me to. -- Submitted By: (kingbk) on May 2, 2010, 7:28 pm - (3 votes) - Login to Vote
6 HA!!! GOOD ONE ROBERT!!! The odd thing is, no matter what economic system people come up with, a select few always have much more money and influence than anyone else. Strange how that works isn't it? The only "redistribution of wealth" in America I see is the middle class's money being funneled to the rich, the poor AND the government! -- Submitted By: (DolFan316) on March 1, 2010, 7:53 pm - (1 votes) - Login to Vote
7 I'm earning less money than many socialist politicians in America. So, when can I expect a check from them to balance out the inequalities in our wages? Or are they exempt from having to give their hard-earned money to the less fortunate? -- Submitted By: (Robert) on February 26, 2010, 12:41 pm - (1 votes) - Login to Vote
8 Not saying I am for or against Socialism, but Chubby, I'm sure another reason some people are bailing Cuba, along with the super-socialism that most all of us like to call Communism is the oppression that goes on there. -- Submitted By: (PYLrulz) on January 21, 2010, 4:23 am - (0 votes) - Login to Vote
9 Odd- I enjoy working hard to make more money, and feel a deep sense of satisfaction for a job well done. I also want less wastful government services, the great majority of which I have no use for. If Socialism is good, why are Cubans always escaping that country to come here? hmmmmmm -- Submitted By: (Chubby Rain) on January 21, 2010, 3:32 am - (2 votes) - Login to Vote
10 @brewmaster. as opposed to capitalism, where everyone is encouraged to spend money nobody has. and the only reward from work is the highest possible salary (and no matter how high, you will always have a colleague who earns more), no satisfaction or feeling of accomplishment for a job well done. where everyone complains of taxes being to high, yet expects service from that same government to be impeccable. where everyone is equal, except of course when you are poor, or black, or a woman, or fat, or dumb, or ..... -- Submitted By: (selena) on January 20, 2010, 8:09 pm - (-2 votes) - Login to Vote
11 The problem with socialism is that eventually you run out of other people's money - Margaret Thatcher -- Submitted By: (BrewMaster) on December 11, 2009, 6:14 am - (2 votes) - Login to Vote

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